TORONTO, ONTARIO – September 4, 2020 – Americas Gold and Silver Corporation (the “Company”) (TSX: USA; NYSE American: USAS) is pleased to announce that it has closed its previously announced and upsized bought deal financing with a syndicate of underwriters co-led by Desjardins Capital Markets and Cormark Securities Inc., and including Stifel GMP, Clarus Securities Inc., and Laurentian Bank Securities Inc., (collectively the “Underwriters”). A total of 10,204,510 common shares of the Company (the “Common Shares”), including the partial exercise of the over-allotment option by the Underwriters, were sold at a price of C$3.86 per Common Share, for aggregate gross proceeds to the Company of C$39,389,409 (the “Offering”).